Home > Settlement | Consolidation | Personal Loans

Settlement | Consolidation | Personal Loans

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Settlement negotiations typically involve a third-party firm that confers with a credit collector and settles the entire debt through a lump sum amount that is normally a smaller amount than what is being owed.

  • Pros

  • A fast key to solving your debt issues

  • Most creditors may possibly settle for negotiation as it guarantees payment for the debt

  • Cons

  • Debt collectors might not be open about settling

  • Usually results in higher interest rates


Debt Consolidation is the process of taking out a large loan to pay off all your other smaller loans. This process usually entails lower and more attainable installment terms.

  • Pros

  • Does not oblige collateral or downpayment

  • Usually comprises more flexible payment options

  • Cons

  • Can upset your credit score

  • May result in prolonged payment terms

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Personal Loans

A personal loan is borrowing funds from financial organizations, friends, or family and paying it off with interest. Personal loans may or may not involve collateral and may differ in interest premiums depending on the organization lending you money.

  • Pros

  • A fast and stress-free way to becoming debt-free

  • A great option to settle off other smaller loans

  • Cons

  • Paced processing time

  • May have greater interest charges